Narrow search
Showing 1 - 10 of 116,431
Cover Image
Property taxation, bounded rationality and house prices
Elinder, Mikael; Persson, Lovisa - 2014
projected - in line with tax capitalization theory - that the tax decrease would lead to significant increases in house prices …. We estimate price responses and capitalization degrees, using various DID strategies, in which the price dynamics of … reduction. Our results are largely inconsistent with capitalization theory. For the majority of properties, we find no evidence …
Persistent link: https://www.econbiz.de/10010391445
Cover Image
Property Taxation, Bounded Rationality and House Prices
Elinder, Mikael - 2016
projected - in line with tax capitalization theory - that the tax decrease would lead to significant increases in house prices …. We estimate price responses and capitalization degrees, using various DID strategies, in which the price dynamics of … reduction. Our results are largely inconsistent with capitalization theory. For the majority of properties, we find no evidence …
Persistent link: https://www.econbiz.de/10013005498
Cover Image
House price responses to a national property tax reform
Elinder, Mikael; Persson, Lovisa - In: Journal of economic behavior & organization : JEBO 144 (2017), pp. 18-39
Persistent link: https://www.econbiz.de/10011926834
Cover Image
Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2019
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012052597
Cover Image
Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021
This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...
Persistent link: https://www.econbiz.de/10012417752
Cover Image
Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2020
This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...
Persistent link: https://www.econbiz.de/10012425062
Cover Image
Property taxes and housing allocation under financial constraints
Coven, Joshua; Golder, Sebastian; Gupta, Arpit; Ndiaye, … - 2024
Property taxes impact the housing distribution across generations. Low property taxes lead to concentrated ownership among elderly empty-nesters, limiting housing for financially constrained young families. Conversely, high property taxes act as a “forced mortgage,” reducing upfront...
Persistent link: https://www.econbiz.de/10014578550
Cover Image
Self-Assessed Financial Literacy in Housing Markets
Abramson, Boaz - 2019
This paper introduces a novel dimension of household heterogeneity that plays an important role in housing markets. Households who self-assess themselves to be more financially literate are 1) more likely to own a house and 2) take on higher leverage on their home. We solve a heterogeneous agent...
Persistent link: https://www.econbiz.de/10012865607
Cover Image
Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014633602
Cover Image
Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014637339